Denmark's current account surplus widened to DKK 24.2 billion in November 2019 from DKK 19.6 billion in the corresponding month of the previous year. The goods surplus rose to DKK 19.2 billion from DKK 12.2 billion last year and the primary income surplus went up to DKK 7.2 billion from DKK 7.0 billion. Meantime, the services surplus declined to DKK 1.3 billion from DKK 3.8 billion, while the secondary income deficit increased to DKK 3.6 billion from DKK 3.4 billion.

Current Account in Denmark averaged 10009 DKK Million from 2005 until 2019, reaching an all time high of 27199 DKK Million in October of 2019 and a record low of -4967 DKK Million in March of 2008. This page provides - Denmark Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics Denmark

Current Account in Denmark is expected to be 8000.00 DKK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Denmark to stand at 11000.00 in 12 months time. In the long-term, the Denmark Current Account is projected to trend around 9500.00 DKK Million in 2020, according to our econometric models.


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Denmark Current Account

Actual Previous Highest Lowest Dates Unit Frequency
24155.00 27199.00 27199.00 -4967.00 2005 - 2019 DKK Million Monthly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-10-09 06:00 AM Aug DKK19.1B DKK23.9B DKK11B
2019-11-11 07:00 AM Sep DKK20.73B DKK17.45B DKK 20.2B
2019-12-09 07:00 AM Oct DKK27.4B DKK21.0B DKK 20.2B
2020-01-09 07:00 AM Nov DKK24.2B DKK27.2B DKK 19.3B
2020-02-10 07:00 AM Dec DKK24.2B DKK 12B


News Stream
2019-12-09
Danish Current Account Surplus Hits Record High in October
Danish’s current account surplus widened sharply to DKK 27.4 billion in October 2019 from DKK 20.3 billion in the corresponding month of the previous year. This was the largest on record in current account surplus since the series began in January 2005, as the services account surplus surged to DKK 7.0 billion from DKK 3.9 billion a year earlier and the goods surplus increased to DKK 15.7 billion from DKK 12.4 billion in October last year, while the primary income surplus rose to DKK 8.2 billion from DKK 7.3 billion in October 2018. On the othe hand, the secondary income deficit went up to DKK 3.5 billion from DKK 3.3 billion.

2019-11-11
Danish Current Account Surplus Narrows in September
Danish’s current account surplus declined to DKK 20.7 billion in September 2019 from DKK 21.3 billion in the corresponding month of the previous year. The primary income surplus narrowed to DKK 6.8 billion from DKK 6.9 billion and the services account surplus fell to DKK 1.7 billion from DKK 4.3 billion a year earlier, while the secondary income deficit rose to DKK 3.6 billion from DKK 3.0 billion. On the other hand, the goods surplus increased to DKK 15.8 billion from DKK 13.1 billion in September last year.

2019-10-09
Danish Current Account Surplus Widens in August
Danish’s current account surplus widened sharply to DKK 19.1 billion in August 2019 from DKK 9.3 billion in the corresponding month of the previous year, as the goods surplus jumped to DKK 14.7 billion from DKK 4.2 billion in August last year and the primary income surplus went up to DKK 1.5 billion from DKK 1.3 billion. Meanwhile, the services account surplus fell to DKK 5.7 billion from DKK 6.4 billion a year earlier and the secondary income deficit rose to DKK 2.9 billion from DKK 2.6 billion.

2019-09-09
Danish Current Account Surplus Widens in July
Danish’s current account surplus widened to DKK 19.2 billion in July 2019 from DKK 15.5 billion in the same month of the previous year, as the goods surplus increased to DKK 17.7 billion from DKK 13.1 billion in July last year. Meantime, the primary income surplus came in at DKK 5.4 billion, unchanged from the prior year; the secondary income deficit rose to DKK 3.5 billion from DKK 3.3 billion and the services account posted a DKK 0.4 billion gap, switching from a DKK 0.3 billion surplus.

2019-08-09
Danish Current Account Surplus Widens in June
Danish’s current account surplus widened to DKK 16.9 billion in June 2019 from DKK 13.4 billion in the same month of the previous year. The goods surplus increased to DKK 14.7 billion from DKK 11.0 billion in June last year and the primary income surplus rose to DKK 8.4 billion from DKK 8.1 billion a year earlier. Also, the secondary income deficit narrowed to DKK 3.3 billion from DKK 3.4 billion in June 2018. Meanwhile, the services account deficit went up to DKK 2.8 billion from a DKK 2.4 billion gap in June 2018.

2019-07-09
Danish Current Account Surplus Widens Sharply in May
Danish’s current account surplus widened sharply to DKK 22.1 billion in May 2019 from DKK 13.5 billion in the same month of the previous year. The goods surplus increased to DKK 16.5 billion from DKK 9.8 billion in May last year and the primary income surplus rose to DKK 8.4 billion from DKK 7.8 billion a year earlier. Also, the services account posted a surplus of DKK 0.8 billion, swinging from a DKK 0.8 billion gap in May 2018. Meanwhile, the secondary income deficit widened to DKK 3.5 billion from DKK 3.2 billion in May 2018.


Denmark Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Denmark Trade Last Previous Highest Lowest Unit
Balance of Trade 9665.50 7862.70 10659.10 -7636.40 DKK Million [+]
Current Account 24155.00 27199.00 27199.00 -4967.00 DKK Million [+]
Current Account to GDP 6.10 8.00 8.90 -6.00 percent [+]
Imports 54550.60 58620.60 60715.30 915.00 DKK Million [+]
Exports 64216.10 66483.30 66483.30 771.00 DKK Million [+]
External Debt 507.00 571.00 176785.00 507.00 DKK Million [+]
Terms of Trade 103.00 102.00 109.00 96.00 points [+]
Capital Flows 50.00 50.00 4975.00 -706.00 DKK Million [+]
Gold Reserves 66.55 66.55 66.60 66.50 Tonnes [+]
Crude Oil Production 88.00 98.00 418.20 69.00 BBL/D/1K [+]
Terrorism Index 0.96 0.82 2.15 0.00 [+]
Weapons Sales 27.00 20.00 272.00 1.00 USD Million [+]
Foreign Direct Investment 699.80 726.30 726.30 402.30 DKK Billion [+]